Minerva Super-Sizes Bond

Jan 18, 2013

Brazil’s Minerva has priced $850m in 2023 NC5 bonds, as investors filled a book that reached about $6.5bn. The issuer upsized from a planned $500m sale. “We like the fundamentals. Minerva is an improving story and stands out as a credit from other protein companies with respect to leverage, liquidity and business profile,”...